Blog IICA

1st Brazil's Sustainable Sovereign Bond Issuance

Start Date: 13/11/2023
End Date: 13/11/2030

Description

The Government of Brazil has developed a Framework for the Issuance of Sustainable Sovereign Bonds, establishing the basis for issuing sovereign debt linked to budget expenditures that directly contribute to the country's sustainable development. This initiative reaffirms Brazil's commitment to sustainable policies, promoting the transition towards a greener, more inclusive and equitable economy. The framework was prepared by the Sovereign Sustainable Finance Committee (CFSS) with support from the Inter-American Development Bank and the World Bank, and obtained a Second Party Opinion from Sustainalytics confirming its alignment with the principles of the International Capital Market Association (ICMA).

Action scope

National

Evaluated

Si

Stage

Implementation- Ongoing

Temporalidad

Long-term

Number of Years

7 - Year -s

Related elements

Budget in USD

Budget in USD
$2,000,000.00
Counterpart Budget
$0.00
Total Budget
$2,000,000.00
Annual Average Budget
$285,714.00
Financing Sources Financing Types
Government of Brazil Public Debt

Institutions

Institutions Institutions rols
BID: Banco Interamericano de Desarrollo Execution and operation
BM: Banco mundial Execution and operation
Comitê de Finanças Soberanas Sustentáveis (CSSF) Planning
Comitê de Finanças Soberanas Sustentáveis (CSSF) Technical assistance
Morningstar Sustainalytics Technical assistance
Brazilian National Treasury Evaluation

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